Drawee Bank definition

Drawee Bank means the financial institution where a Customer maintains a checking account on which a Paper Check that serves as the source document to generate an Item at the POS Device or payment for a Transaction is drawn.
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Drawee Bank means the financial institution where a Customer maintains a checking or other deposit account
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Drawee Bank. , in relation to a cheque, means the bank upon which the cheque is drawn;
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Examples of Drawee Bank in a sentence

  • The buyer will be accordingly required to deposit thE amount by way of NEFT / RTGS along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

  • The buyer will be accordingly required to deposit the Demand Draft /Banker‟s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/ indented as per the notice within 48 hours of such notice.

  • Cheques credited to Customer Accounts are accepted for collection only, and proceeds will not be available for withdrawal until cleared by the Drawee Bank.

  • The buyer will be accordingly required to deposit the Demand Draft /Banker’s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

  • Accordingly, the Debtors request that the Court approve this schedule pursuant to Bankruptcy Rule 3020 and Local Rule 3020-1(a).

  • We may also debit your accounts or recover from you any costs levied by the Drawee Bank together with our standard service fees and charges.

  • All Particulars of the Cheques (name of Drawee Bank and branch; Cheque Number etc) should be correctly written, both on pay-slip and the relative counterfoil.

  • The buyer will be accordingly required to e-transfer or deposit the Demand Draft /Banker’s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/ indented as per the notice within 48 hours of such notice.

  • The buyer will be accordingly required to deposit the Demand Draft /Banker’s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/ indented as per the notice within 48 hours of such notice.

  • Name of the Drawee bank : : X Name of the Drawee Bank Branch : MICR Sort Code (9 digit) Date of Cheques : of each month commencing from Cheque Numbers : Sr From To No. of cheques Amount of Cheque I/We agree that the Post dated cheques/Security cheques are given towards Personal Power loan repayment/installments of the debt due and payable by me/us to the Bank in terms of the Personal Power Loan Agreement dated .

Related to Drawee Bank

  • Bank is defined in the preamble hereof.

  • KeyBank means KeyBank National Association.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Wachovia means Wachovia Bank, National Association, a national banking association, together with its successors and/or assigns.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • The Bank means the Bank of India;

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.